South Dakota Codified Laws 43-37-12. Loan for use or exchange–Indemnification of borrower by lender for damages for defects
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The lender of a thing for use or for exchange must indemnify the borrower for damages caused by defects or vices in it, which he knew at the time of lending and concealed from the borrower.
Terms Used In South Dakota Codified Laws 43-37-12
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Source: CivC 1877, §§ 1083, 1091; CL 1887, §§ 3707, 3714; RCivC 1903, §§ 1403, 1410; RC 1919, §§ 1026, 1033; SDC 1939, § 38.0209.